Bread, Instant Noodles, and More See Price Hikes... June Consumer Prices Up 2.2% [3-Minute Brief]

[At a Glance]
① Statistics Korea releases June consumer price trends
② Limited response in bond and dollar markets despite fiscal concerns
③ NHN Payco analyzes first-half mobile meal voucher data

MARKET INDEX

○ US S&P and NASDAQ reach all-time highs... Rise driven by US-Vietnam trade agreement
○ 20% tariff imposed on Vietnamese imports... US exports to Vietnam remain tariff-free
○ Additional agreements expected before the tariff suspension expires on the 8th

TOP 3 NEWS

■ Inflation returns to the 2% range due to rising prices of processed foods and livestock products

○ Cost of living index up 2.5%, perceived inflation rises even more
○ Processed food prices see largest increase in 19 months
○ Instant noodles mentioned by Lee up 6.9% year-on-year, eggs up 6.0%

■ Trump tax cut plan passes US Senate '51 to 50'... Market remains cautious amid fiscal concerns

○ Senate vote tied, Vice President Pence casts deciding vote
○ House vote scheduled for the 2nd... To take effect after Trump signs
○ "US fiscal deficit to increase by $3.3 trillion over 10 years"

■ "9,500 won for lunch in the Seoul metropolitan area... 15,000 won in Samseong-dong"

○ Growing preference for ready-to-eat meals leads to more use of convenience stores, bakeries, and cafes
○ 'Perceived inflation' rises... Up 58% from 6,000 won eight years ago
○ Average lunch price in 12 major areas including Gangnam and Yeouido is 11,583 won

Graphic News: Exceeds 6 trillion won in 5 months... Will deregulated Bogeumjari Loans attract more borrowers?

○ "Not driving household loans"?excluded from policy loan limit regulations
○ Over 1 trillion won for seven consecutive months... Increasing for three consecutive months
○ Possibility of further concentration of demand

Profitable Law

■ If the comprehensive wage system is abolished, how will 'idle time during work' be calculated?

○ Full-scale discussion on abolishing the comprehensive wage system
○ Whether 'idle time' counts as working hours is a key issue
○ Possibility of mandatory measurement of actual working hours 
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025070214204388870

■ Tax imposed on income deemed as transfer is illegal

○ Taxes imposed on returned reserved shares
○ Court: "Deeming as transfer is illegal"
○ "Taxation should be based on actual transfer" 
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025070214352879691

■ Suspended sentence for attaching a phone with a tracking app to a car

○ Phone with a tracking app attached to a car
○ Guilty of collecting information without consent
○ Six-month prison sentence, suspended
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025070214445221846

※ 'Profitable Law,' a content partnership section between Asia Economy and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○ Domestic

KOSDAQ Autocrypt subscription, final public offering price set at 22,000 won

06:00 Korea's foreign exchange reserves (USD) (June)

○ Overseas

21:30 US unemployment rate (June)

21:30 US initial jobless claims

22:45 US Services Purchasing Managers' Index (June)

23:00 US ISM Non-Manufacturing Purchasing Managers' Index (June)

◇Lunch & Commute Weather

○Lowest temperature: 25℃(▼1℃) ｜Highest temperature: 32℃(0℃)
○ Precipitation probability: 40% in the morning｜0% in the afternoon
○ Fine dust: Moderate in the morning｜Moderate in the afternoon

Three minutes is all you need?essential, cost-effective economic news. Published daily at 8:00 AM.